BitMEX Reduces Multi-Asset Margin Discount by 60% and Adds SOL as Margin Currency

Odaily Planet Daily News Crypto derivatives exchange BitMEX announced major updates for multi-asset margin users, including a 60% reduction in margin discount rates and the addition of SOL (Solana) as a margin currency. This upgrade enables BitMEX users to enjoy one of the lowest discount rates in the crypto industry and use SOL as collateral to trade any derivatives contract on the platform. BitMEX first launched the multi-asset margin feature in January this year, aiming to provide users with a simpler and more efficient asset utilization solution for a better experience when trading derivatives contracts. With this update, BitMEX now supports USDT, USDC, BTC, ETH, and SOL as collateral assets, while offering one of the lowest discount rates on the market. Stephan Lutz, CEO of BitMEX, said: "At BitMEX, we are always working to improve the platform to enhance the trading experience for our users. Building on the launch of the multi-asset margin feature earlier this year, we have gone a step further by significantly reducing the discount rate and expanding the choice of collateral assets such as SOL. This update is part of our ongoing efforts to provide greater funding efficiency and flexibility, allowing traders to use more optimized trading solutions." Unlike most exchanges, BitMEX ensures a seamless trading experience for users - users can deposit their preferred currency and start trading immediately without transferring funds between wallets. BitMEX's multi-asset margin system automatically allocates user funds in the most efficient way to meet the margin requirements of their positions. To start using the multi-asset margin feature, users need to switch their account's margin mode to "Multi-Asset Margin" in the order form on the trading page.